A Cambridge UK telemedicine company whose technology helps vets around the world diagnose and treat animals faster and more effectively is investing in global growth.
VetCT is pushing ahead with plans to grow its international client base by investing in a new branch in Australia and increasing its team headcount with a view to providing a 24/7 service globally by the end of the year.
VetCT has banked with HSBC since its inception and the bank is supporting it with its aspirations by providing international banking advice and account facilities.
Established in 2009 by specialist veterinary radiologists Victoria Johnson and Julien Labruyere, VetCT provides expert reports on X-rays, CT scans and MRI scans to help vets diagnose and treat their animal patients anywhere in the world.
With turnaround reporting times of less than four hours, the husband and wife team manage over 20 veterinary diagnostic imaging specialists and are recruiting new consultants to meet rising client demand.
The couple are now eyeing growth in Scandinavia, America and Australasia after the opening of its Australian branch, which ensures a round the clock service across time zones.
Victoria Johnson, director at VetCT said: “Our decision to substantially invest in all areas of our business this year is based on the opportunities we know exist internationally.
“As a business we’ve achieved sustained growth over the past five years, but now is the time to push ahead with improved economic conditions and strong demand for our service.
“Veterinary medicine has become highly specialised and is continually evolving. Our company is at the cutting edge of new research and development, using the latest technology to provide vets with radiology expertise and specialised reports in a guaranteed turnaround time.
“We’re the only company in the UK that provides that level of expertise for CT and MRI scans and, through our service, we are helping our clients achieve better clinical outcomes and deliver improved service to pet owners.”
VetCT has been identified as one of HSBC’s fastest growing SMEs in the East of England, and the directors are part of a network of likeminded business leaders who get together to share ideas on how to reach their business potential.
HSBC recently announced £300 million in new lending for SMEs in the East of England, supporting companies to achieve their growth plans. Ian Tandy, regional commercial director, HSBC South and East, said: “VetCT is a dynamic, ambitious business with a clear vision and the investment plans in place to achieve sustained growth.
“We’re seeing a rise in the number of lending requests on a week-by-week basis from similar fast growing businesses in the East of England looking to invest and take advantage of the improved trading conditions.”